Strategy now holds 601,550 BTC valued at over $70 billion, securing the ninth spot among the largest U.S. corporate treasuries.
The company has outpaced NVIDIA due to Bitcoin's surge and its ongoing BTC accumulation strategy.
Strategy is the only top-ten treasury company holding Bitcoin instead of cash or its equivalents, marking a unique financial approach.
Strategy, formerly known as MicroStrategy, has moved into the ninth position among U.S. corporate treasuries. This new rank follows the company’s continued accumulation of Bitcoin and a recent surge in the cryptocurrency’s market value.
The company now holds 601,550 BTC, which were acquired for approximately $42.87 billion. With Bitcoin reaching an all-time high of $123,000, the total value of Strategy’s Bitcoin reserve has increased to just over $70 billion. This growth in asset value pushed Strategy above NVIDIA, placing it behind only eight major U.S. corporations, including Berkshire Hathaway, Amazon, and Apple.
Active Accumulation Enhances Position
Strategy’s latest acquisition added 7,000 BTC to its treasury. This $472.5 million purchase raised its average buying price to $71,268 per Bitcoin. The significant appreciation in Bitcoin’s price has left the company with an unrealized gain close to $30 billion.
https://twitter.com/Strategy/status/1946540532957630735
Unlike other top-ranked companies, Strategy holds Bitcoin as its sole reserve asset. The rest of the corporations in the top ten primarily hold cash or cash equivalents. This makes Strategy’s treasury strategy distinct and places it in a unique position within corporate finance.
Strategy Leads Among Bitcoin Treasury Firms
Strategy remains the largest public holder of Bitcoin in the world. The closest corporate holder, MARA Holdings, holds 50,000 BTC. Globally, only Satoshi Nakamoto and BlackRock possess more Bitcoin, with holdings of 1.12 million and 731,527 BTC, respectively.
Since adopting Bitcoin as its primary reserve asset in August 2020, Strategy’s stock (MSTR) has seen significant growth. It has outperformed all other major assets since the company shifted its reserve model.
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